https://www.taxtmi.com/caselaws?id=775173 The Bombay HC held that assessment proceedings cannot be initiated or continued during the Corporate Insolvency Resolution Process while the moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 is operational. Relying on Monnet Ispat and Energy Limited precedent, the court determined that any assessment proceedings or orders passed during this moratorium period are invalid. However, once the moratorium ceases, the Revenue authorities are free to revive assessment proceedings if they are otherwise legally entitled to do so. This ruling reinforces the protective nature of the moratorium provisions during insolvency proceedings. en-us Mon, 14 Jul 2025 00:00:00 +0530 Mon, 21 Jul 2025 08:43:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775173 The Bombay HC held that assessment proceedings cannot be initiated or continued during the Corporate Insolvency Resolution Process while the moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 is operational. Relying on Monnet Ispat and Energy Limited precedent, the court determined that any assessment proceedings or orders passed during this moratorium period are invalid. However, once the moratorium ceases, the Revenue authorities are free to revive assessment proceedings if they are otherwise legally entitled to do so. This ruling reinforces the protective nature of the moratorium provisions during insolvency proceedings. Case-Laws Income Tax Mon, 14 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775173